Lista DAO releases proposal for "Proposal to launch a pegged stable module using lisUSD savings rate"

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Cointime2024/11/22 07:22

By:Cointime

the LSDfi and CDP solutions Lista DAO have proposed a vote on the "suggestion to launch a stable module linked to the lisUSD savings rate" and currently have a 100% approval rate. The proposal includes introducing the Peg Stability Module (PSM) and lisUSD savings rate (LSR) to enhance the price stability of lisUSD and provide stable returns for deposits. Initially, PSM will support USDT with a total quota of 5 million lisUSD, and gradually increase support for FDUSD and USDC based on market demand. The maximum limit for PSM is 15 million lisUSD. The initial interest rate of LSR will be linked to the fixed interest rate differential of lisUSD against BNB borrowing rate minus 1%, and will be adjusted based on market demand.

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